HARTFORD, Conn., May 7 United Technologies Corp. (NYSE: UTX) today announced it will allow employees to cover, under the UTC medical plan, their unmarried dependent children up to age 26 who are not eligible for group coverage elsewhere.
This health coverage, which UTC is making available months in advance of a federal requirement, will be provided at the same rates employees are paying today for dependent coverage, without surcharge.
College and high school students who are dependent children of UTC employees and who are already covered under UTC benefits programs will continue to be covered, even after graduation. Other dependent children not currently covered will be eligible for coverage beginning July 1, six months before a federal requirement under the new health care legislation.
"We think this is the right thing to do for our employees and it is consistent with our practices of providing our employees with very competitive benefits," said J. Thomas Bowler Jr., UTC Senior Vice President, Human Resources and Organization.
Other UTC benefits include the Employee Scholar Program, which pays tuition and expenses for employees who continue their education with approved educational institutions. Thus far, UTC has invested nearly $900 million on employees who have participated in the Employee Scholar Program.
Based in Hartford, Connecticut, UTC is a diversified company that provides high technology products and services to the aerospace and building industries worldwide. For more information, visit www.utc.com.
CONTACT: John Moran, UTC (860) 728-7062
SOURCE United Technologies Corp.